TD Cowen, a US-based financial services firm, stated that the approval of Ether ETFs paves the way for many more crypto funds. TD Cowen’s research unit, a subsidiary of TD Bank Group, which has $15 billion in assets under management, commented in its latest report that it is now “a matter of time” before the SEC approves many other crypto funds.

“6 months earlier than we expected”

Jaret Seiberg of TD Cowen’s research group, in his analysis shared with clients, stated that the Ether ETF approval came earlier than they expected and said:

“In fact, it was inevitable that once the crypto futures ETFs were approved, the spot ETFs would be approved. In the next year or so, some basket crypto funds, probably consisting of Bitcoin and Ether, will also be approved. But there is also the possibility of more crowded baskets.”

“Lawsuits will also continue”

The finance company also thinks that the anti-crypto stance at the SEC will continue. Predicting that until 2026, the Democratic supremacy within the institution will continue, analysts said, “The institution will continue to file lawsuits against companies that it thinks are selling unregistered securities throughout this period.”